Elemento "Galería de fotos"

Sarith Suniaga
Sarith Suniaga

OPERATIONS PROCEDURES:

 

 

·         The Seller mandate lets out FCO

 

·         The buyer signs and seals FCO and lets out LOI + BCL

 

·         The Seller lets out the draft contract

 

·         Buyer review, sign and return contract. The seller also signs and seals the contract. The contract signed on e-mail the Seller and the Buyer consider as the original. The Seller and the Buyer coordinate text BGs

 

·         Buyer issues SWIFT of the BGs.

 

·         Seller shall issue acknowledgement of presence of a resource (POP), PB 2% and the contract of charter from the transport company not later than 7-10 International banking days from the moment of exhibiting BGs

 

·         Shipments commence

 

ANNEX “A”

 

Specification for D-2 Gas Oil

 

 

RUSSIAN GAS OIL D2 GOST 305-82

COMPONENT                                             UNIT                          MIN                MAX

Density@ 20 deg C                                               Kg / m3                                             0.850

Colour                                                                                                                                 2.0

Flash point, PMCC                                    Deg C (C)                 57                   62

Kinematic viscosity @ 20 deg C              C St                            3.0                  6.0

Pour point                                                    Deg C (C)                 (*)                    -10.0

Cloud point                                                  Deg C (C)                 (*)                    -5.0

Mercaptan sulphur                                                                                               0.01

Acidity, mg / 1000 cm3                                                                                         5

Lodine number                                           g/100g                                               6

Ash                                                               %wt                                                   0.01

Total Sulphur                                              %wt                            0.02                0.05

Copper corrosion                                        3hrs@50 deg C       (typical)          1 A

CCR on 10% Residues                             %wt                                                   0.20

Cetane index                                                                                             45

Distillation range:

- 50% Recovered Volume                         deg C (C)                                          280

- 90% Recovered Volume                         deg C (C)                                          360

- Bacteria MBC                                            Fibre / it                                             500

- Bacteria CFU                                            Fibre / it                                             1000

 

(*)

 

Summer from March to October (PP – 5.0 degrees C)

 

Summer from March to October (CP – 0.0 degrees C)

 

Winter from November to February (PP – 10.0 degrees C)

 

Winter from November to February (CP – 5.0 degrees C)

 

 

 

 

                                 TERMS OF CONDITION - BUYER - MANDANTE

DESTINATION

ASWP

PERFOMANCE BOND

2% OF THE FIRST MONTH SHIPMENT VALUE

INCOTERMS

CIF/FOB

PAYMENT TERMS

IRREVOCALBE LC.T/T TELEGRAPHIC TRANSFER MT103

INSPECTION

SGS / CIQ OR SIMILAR

INSURANCE

PAID BY SELLER COVERING 110% OF SHIPMENT VALUE

 

IMPORTANT NOTICE

          We exercise a Due Diligence on all exit buyers that are presented

          In case of Majors clients, we have to be able to trace that the request is actually coming from a Major itself.

          Transactions always start with a basic paper trail sent to Budget Petroleum Trading.

          Exit buyers sends to BPT their company profile along with LOI to proceed with the transaction.

Titleholder's Procedures:

          For genuine exit buyers, the procedures are as follows and are strictly Non negotiable.

CIF ASWP

1.      Seller sends Commercial Invoice to Buyer

 

2.      Exit buyer signs Commercial Invoice, following draft term contract issued by the seller

 

3.      Exit buyer's bank opens RWA communication to seller's Bank via Swift Message. Seller's Bank replies providing the Sellers confirmation of title, soft POP, DTA and SGS and sends Swift message to buyers bank with willingness to answer any questions regarding Seller through bank to bank communication.

 

4.      Exit buyer's bank issues RIDLC for the spot & term contract. After confirmation of the instrument by seller's bank, seller issues DTA at exit buyer's expense. Upon successful Q&Q certification by SGS or any Independent International Surveyor Company, seller issues ownership transfer to exit buyer at loading port.

 

5.      Vessel sails to ASWP Port

 

FOB PROCEDURES:

 

1.    Upon receipt of exit buyer's ICPO, Seller issues Commercial Invoice (CI) to exit buyer.

 

2.       Exit buyer signs CI and sends it back, seller issues draft term contract for approval and signature.

 

3.       Exit buyer's bank opens RWA communication to seller's Bank via Swift Message. Seller's Bank replies providing the Seller's confirmation of title, POP, DTA and SGS via Swift message to exit buyer's bank.

 

4.       The exit buyer then issues IRDLC for the spot amount & the term contract to seller's bank.

 

5.       Within 24 hours or as agreed Seller issues DTA at exit buyer's expense, Upon successful Q&Q certification by SGS or any Independent International Surveyor Company, seller issues ownership transfer to exit buyer at loading port.

 

Delivery within 48 hours after confirmation of funds by seller's bank

Produced by the Russian state standards specification (GOST):
1. Bunker Fuel F-5 - GOST 10585-99.
2. Fuel oil M-100 - GOST 10585-99.
3. Fuel oil M-40 - GOST 10585-99.
4. Diesel fuel L-0 2-62 - GOST 305-82.